Brexit is probably the most overused word in the UK at present and one that is consistently newsworthy but a blot on the business landscape. No one can detail with certainty what the actual impact of this phenomenon will be, but what is clear is that organisations can simply not ignore it.
The UK is not due to leave the European Union until March 2019, but the hospitality and catering industry is already feeling the impact of Brexit with the fall in the value of the pound resulting in increased costs for imported goods.
The most successful organisations will be those who address the challenge early and ensure any issues are met with a planned and successful approach. Rising raw material costs, increases to overhead spend and general uncertainty over supply chains are common challenges, and whilst the real impact of Brexit is largely unknown at this point, what is certain is that these issues place greater emphasis on the procurement and supply chain. This is where the true value of these functions will be demonstrated, which will result in not only risk mitigation but profit and loss contribution.
In implementing its “Brexit risk assessment” BrightSourced can provide you with a full and comprehensive approach to supply chain risk assessment, implementation of disaster recovery plans, cost reduction in an accelerated manner and historical auditing & recovery. It’s unique expertise in procurement, utilities and auditing means you are provided with a full and comprehensive analysis and implementation of plans which will ensure the “Brexit effect” is largely avoided by your organisation.
Simon Smith – CEO of BrightSourced told us:
“From utilities, cutlery and ingredients through to staff work wear & IT hardware, we can help reduce costs by ensuring our clients receive the best market prices along with the required service levels that are vitally important in every business. Additionally, through our sister company Bank Brokers, we can also reduce financial and merchant services costs.
With the uncertainty surrounding Brexit it has created concern in the market place about where people are sourcing and what they are going to be paying. BrightSourced are able to offer a full circle approach to our clients with an end-end procurement proposition offering eProcurement, Utility procurement & associated beneficial services, giving back control to businesses and mitigating risk”.
For hospitality and catering companies, keeping costs down is an essential part of remaining in business, but with the market impact of dealing not only with Brexit but also rising rents and rates, the pressure is at an all-time high.
If you are concerned of rising overhead costs, the agility of your supply chain and the general impact Brexit will have on your organisation please get in touch and find out how BrightSourced can help overcome any obstacles and get your business Brexit ready.
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